- Athabasca Oil Sands Corp. raised C$1.35 billion ($1.32 billion) to fund energy exploration, in the biggest Canadian initial public offering since Manulife Financial Corp. in 1999.
The Calgary-based company sold 75 million shares, or a 19 percent stake, at C$18 each, according to a prospectus yesterday. The sale values the company at about C$7 billion, and may close on April 8. The shares will trade on the Toronto Stock Exchange under the symbol ATH, Athabasca said in a statement.
The sale was the biggest in Canada since Manulife, the country